Hello everyone! In today’s article, we’ll examine the recent performance of Boeing Co. ($BA) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 15, 2025 low unfolded as a 5-wave impulse followed by a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.
5 Wave Impulse + 7 Swing WXY correction
$BA 1H Elliott Wave Chart 5.23.2025:
In the 1-hour Elliott Wave count from May 23, 2025, we saw that $BA completed a 5-wave impulsive cycle at ((iii)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $198.74 and $192.66.
This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.
$BA 1H Elliott Wave Chart 5.27.2025:
The most recent update, from May 27, 2025, shows that the stock bounced as predicted. Currently, it is trading higher in wave ((v)) looking for continuation higher towards 212 – 216 area before another pullback can happen.
Conclusion
In conclusion, our Elliott Wave analysis of Boeing Co. ($BA) suggests that it remains supported against April 2025 lows. As a result, traders that bought the dip should monitor the $212–$216 zone as the next potential target. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.